Compensation Analyst, Senior

Overview

Performs the more advanced analyses and consultation in support of Memorial Health System’s compensation program and associated practices. Guides leadership in the development of job descriptions according to best practices. Analyzes jobs and conducts market pricing / job evaluation to ensure market competitiveness. Consults with others and recommends salary adjustments (as necessary) to ensure that employees are paid competitively and equitably.

Participates in various compensation surveys conducted by external vendors. Administers the performance appraisal, merit pay and incentive compensation programs. Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values.

Note:

This is a fully remote position. Remote eligible states are Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Ohio, and Wisconsin.

• Remote position eligibility details included above.

Salary: USD $37.43 per hour. Maximum: USD $58.02 per hour.

• Education equivalent to a bachelor’s degree in human resources, business or finance, or related discipline is required (or the equivalent in related work experience).
• Master’s degree in business administration, human resources, or finance or comparable is preferred.

• Certified Compensation Professional (CCP) designation or comparable compensation designation is preferred.

• Four or more years’ professional-level work experience in human resources, finance or related field is required.
• Four or more years’ experience as a Compensation Analyst is strongly preferred, ideally in a major health care system.

Required:

Other Knowledge/Skills/Abilities:

• Possesses an in-depth knowledge of market pricing, job evaluation methodologies and base/incentive compensation administration.
• Thorough working knowledge of compensation theories, practices & applicable federal/state labor laws.
• An intermediate-to-advanced level proficiency with Microsoft Word, Power Point, Excel, HR Information Systems, and compensation database systems (ideally Market Pay).
• Excellent accuracy & attention to detail when working with data/information.
• Demonstrated ability to balance the needs of the organization while flexing to changing work priorities.
• Ability to work with leadership on confidential and time-sensitive matters.
• Excellent oral and written communication, with the ability to be persuasive and deal with potential conflict.
• Ability to serve as a technical expert and trainer on compensation matters.
• Must be able to maintain confidential information safe and secure at all times.
• May be required to work beyond regular business hours to meet MHS needs.

• Experience with incentive compensation programs within a health care system.
• Sound working knowledge of HR Lawson, crystal report writing and MS add-ins.

• Evaluates jobs, reviews qualifications and licensure requirements for compliance with legal guidelines, and recommends range placement based on market data and internal equity. Assigns FLSA exemption status and corresponding incentive eligibility based on approved criteria. Communicates approved pay grades to leaders. Conducts audits and analyzes positions system-wide to maintain pay grade equity.
• Provides advanced level consultation to leaders and other applicable organizational units regarding compensation policies and procedures, guidelines, salary ranges, and other related issues. Provides guidance and expertise regarding the use of bonus codes/pay practices. Collaborates with others to develop and implement workable, cost-effective options & solutions that meet organizational needs.
• Leads and coordinates the annual market review process. Analyzes the competitiveness of MHS’ salary structures and salaries. Researches and evaluates market conditions and recommends adjustments to structures, employees’ rates, pay practices and incentive plans.
• Guides leaders on the development of job descriptions and design of job families according to best practices. Audits and monitors job descriptions to ensure they are up-to-date in accordance with company…